Acumen secures $50.0M credit facility with K2 HealthVentures

Acumen has entered into a senior secured loan and security agreement with K2 HealthVentures, a healthcare-focused specialty finance company. The loan agreement provides up to $50.0M principal in term loans consisting of a first tranche of $30.0M, which was funded at closing, and a second tranche of up to $20.0M which may be funded in installments upon the company’s request, subject to review by the lenders of certain information from the company and discretionary approval from the lenders. The loan matures on November 1, 2027 and may be extended to November 1, 2028 if the company achieves certain financing milestones.